Reply to 11 MILLION?? What..?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]View of the Cathedral is key, honestly.[/quote]

It's not what directs this price.  It's the size of the lot and the structure design (also overpriced).  There are homes in this area on smaller lots that are 1/3 or even 1/4th of this price with the similar views  :lol: [/quote]

I am going to add, I think, this is aspirational pricing at work.  This area had not commanded such prices, Cathedral or not.  It's a very affluent neighborhood, no doubt, but an 8 figure priced home is very unusual, one of a kind.  In fact, it's been disclosed that this is the highest priced property for this area in history.  The property is the ceiling breaker.  Let's see if they get a buyer.

The problem is that people able and willing to pay this much have lots of options in DMV of every kind, from sprawling private estates to the ultra luxury condos with amazing views to older urban mansions in exclusive enclaves and premium suburbs gated community offerings.  This money will buy nice things even in the priciest zip codes and exclusive enclaves of wealth in the country. [/quote]

Even in the Bay Area $11MM will get you something nicer than this house. And DC is no Bay Area.

Will say, though, there's so much money sloshing around a small group of people in tech and while I don't think this house will sell for $11M it also wouldn't shock me if it did. An out of town AI executive with massive RSU wealth and moving to DC to head the local OpenAI or Anthropic office will probably like the California aesthetics of this house over all the other boring colonials and craftsmen and bad modernism and swoop in and pay cash for it. This style is so very California tech. The kitchen will be stocked entirely with Heath ceramics. I can see it happening. Doesn't mean it will. But like I said, it wouldn't shock me. [/quote]

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